Irda: We must make more effort to draw investors to Iskandar Malaysia

JOHOR BARU: Foreign investors’ interest in Iskandar Malaysia still remains strong despite global economic uncertainties brought about by the Covid-19 pandemic, says Iskandar Regional Development Authority (Irda).

Irda chief executive officer Datuk Ismail Ibrahim said therefore, more efforts were needed to continue attracting new investments to develop Iskandar Malaysia.

“We are in talks with several information and communications technology-related multinational companies (MNCs) from all parts of the world, ” he said.

Ismail said the companies had shown interest to set up operations in south Johor to capture the growing and huge demand for information and communications technology (ICT) services in the Asia-Pacific region.

He noted that the Covid-19 pandemic had created many economic opportunities and growth prospects for ICT companies, as businesses around the world were leveraging on the Internet and ICT to ensure sustainability.

“The future for ICT companies looks bright and they are thriving as businesses are embracing the new norms in their operations amid the pandemic.”

He said the way forward for businesses, companies as well as governments globally post-Covid-19 was to invest in ICT-related services and facilities.

Ismail said the MNCs that Irda was working with, had operations or parts of their operations in the Asia-Pacific region and that they were looking to expand further.

He pointed out that Iskandar Malaysia’s strategic location was an added advantage to attract the MNCs to invest in south Johor.

“We have the right ecosystem to host these MNCs as we have good infrastructure and facilities, ’’ he said, adding that they would probably set up operations at the Sedenak Data Exchange Centre.

Ismail said the current situation resulting from Covid-19 could turn into opportunities as Iskandar Malaysia had a pool of talented, high-skilled workers and professionals.

“We are adopting new strategies and repositioning ourselves for growth.’’

He said Irda wanted to attract companies to manufacture, stock and distribute their products or equipment for the regional market by setting up their plants in Iskandar Malaysia.

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